Ionic Digital CSO Antonio Piraino Receives 32,711 PRSUs

What Happened

• Antonio Piraino, Chief Strategy Officer of Ionic Digital Inc. (IOND), was credited with 32,711 performance-vesting restricted stock units (PRSUs) on September 29, 2026. The Form 4 records the acquisition as an award at $0.00 per share (contingent award), so the reported current acquisition value is $0. These PRSUs represent a contingent right to one share of Class A common stock each and are scheduled to vest on March 25, 2027, subject to continued employment and the award terms.

Key Details

• Transaction date: 2026-09-29 (Period of Report); Form 4 filed 2026-10-01 (Accession 0001185185-26-004500). Transaction code: A (award/grant/acquisition).
• Award amount and price: 32,711 PRSUs @ $0.00 reported (contingent; no immediate cash value recorded on the Form 4).
• Vesting: These PRSUs were certified as earned based on the AWDSP achieving the $2.5 billion performance threshold; scheduled to vest on 2027-03-25, subject to continued employment (or alternate vesting on change of control per award terms).
• Larger grant context: 98,135 PRSUs were granted in 2026 in total; 32,711 were certified/earned now, while 65,424 PRSUs remain outstanding and may vest upon achievement of other performance conditions.
• Shares owned after transaction: Not disclosed in the provided Form 4.
• Filing timeliness: Filed two days after the transaction date; no late-filing flag noted in the filing.

Context

• These are performance-based, not open-market purchases or sales. The award creates a contingent right to receive shares if performance and service conditions are met; it does not represent an immediate cash investment or sale. For retail investors, such awards signal compensation tied to milestone achievement but are not the same as an insider buying stock with personal funds.